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ECO2023 - Fall 2009 Sample Test Questions - MU, Risk, Insurance

# ECO2023 - Fall 2009 Sample Test Questions - MU, Risk, Insurance

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Cookies (pounds per week) H omer’s total utility 0 0 1 5 2 9 3 12 4 14 5 15 1) The above table gives the total utility that Homer obtains from consuming various quantities of chocolate chip cookies. The marginal utility from the fifth pound of cookies is A) 1. B) 2. C) 3. D) 15. 2) The above table gives the total utility that Homer obtains from consuming various quantities of chocolate chip cookies. The marginal utility from the third pound of cookies is 3) A consumer has maximized his or her utility by consuming

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